ESAB Corporation (NYSE:ESAB) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of ESAB Corporation (NYSE:ESAB) have been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $135.57.

Several analysts have recently commented on ESAB shares. Roth Capital reiterated a “buy” rating and issued a $133.00 target price (down from $151.00) on shares of ESAB in a report on Tuesday, September 15th. Weiss Ratings downgraded shares of ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. DA Davidson initiated coverage on shares of ESAB in a research note on Monday, June 15th. They issued a “buy” rating and a $130.00 price objective for the company. Oppenheimer decreased their price objective on shares of ESAB from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, July 21st. Finally, Stifel Nicolaus dropped their target price on shares of ESAB from $141.00 to $137.00 and set a “buy” rating on the stock in a research report on Monday, July 20th.

Insider Buying and Selling

In other ESAB news, Director Rhonda L. Jordan sold 1,000 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $95.00, for a total value of $95,000.00. Following the transaction, the director owned 1,000 shares of the company’s stock, valued at approximately $95,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.20% of the company’s stock.

Institutional Investors Weigh In On ESAB

Large investors have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. boosted its holdings in shares of ESAB by 0.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,006,238 shares of the company’s stock worth $894,457,000 after buying an additional 45,841 shares during the last quarter. BlackRock Inc. purchased a new stake in ESAB during the second quarter worth about $524,533,000. Geode Capital Management LLC raised its position in ESAB by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,318,269 shares of the company’s stock worth $147,300,000 after acquiring an additional 16,466 shares during the period. Bessemer Group Inc. raised its position in ESAB by 16.3% in the first quarter. Bessemer Group Inc. now owns 1,225,702 shares of the company’s stock worth $118,475,000 after acquiring an additional 171,926 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in ESAB by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,215,909 shares of the company’s stock valued at $117,500,000 after acquiring an additional 34,383 shares during the last quarter. 91.13% of the stock is owned by hedge funds and other institutional investors.

ESAB Trading Down 6.5%

Shares of ESAB stock opened at $67.20 on Thursday. The stock has a fifty day simple moving average of $76.51 and a 200 day simple moving average of $88.31. ESAB has a 12-month low of $64.83 and a 12-month high of $137.42. The company has a market capitalization of $4.18 billion, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 1.13 and a beta of 1.19. The company has a current ratio of 1.96, a quick ratio of 1.22 and a debt-to-equity ratio of 0.99.

ESAB (NYSE:ESAB) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.04). The company had revenue of $807.63 million for the quarter, compared to the consensus estimate of $755.64 million. ESAB had a net margin of 5.75% and a return on equity of 14.48%. ESAB’s revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the business posted $1.36 earnings per share. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. On average, sell-side analysts anticipate that ESAB will post 5.46 earnings per share for the current fiscal year.

ESAB Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, October 2nd. ESAB’s dividend payout ratio (DPR) is presently 17.20%.

ESAB Company Profile

ESAB Corporation (NYSE: ESAB) is a global provider of welding and cutting technologies. The company develops and manufactures equipment, consumable products and related solutions used to join, cut and protect metals in industrial, construction, infrastructure, transportation and other applications.

Its product portfolio includes welding systems, cutting machines, welding electrodes and wires, gas-control equipment, automation technologies, protective equipment and accessories. ESAB markets its products under brands that include ESAB, Victor, Tweco, Stoody and Thermal Dynamics, serving customers through direct sales, distributors and other channels.

The company traces its origins to 1904, when Swedish inventor Oscar Kjellberg developed a coated welding electrode.